INEOS said it will move forward with a £150 million investment at its Grangemouth petrochemical complex in Scotland, supported by UK government financing that includes a £75 million loan guarantee and a £50 million grant. The government-backed package is intended to secure the site’s continued operation amid higher energy costs and competitive pressures facing UK manufacturing, according to statements from the company and government sources. The UK government said the loan guarantee reflec...

BP agreed to sell a 65% stake in its Castrol lubricants division to U.S. infrastructure investor Stonepeak, in a deal that values the century-old business at U.S.$10.1 billion including debt. The transaction is BP’s largest divestiture to date and a major chunk of its plan to raise $20 billion by 2027. Under the agreement, BP will retain a 35% holding in Castrol through a joint venture, with the option to sell its remaining stake after a two-year lock-up period. The deal is expected to close b...

Valencia, Spain – Europe and Asia are rapidly reshaping the rerefined base oil market, emerging as the dominant global hubs as sustainability mandates, tighter used-oil collection rules and rising demand for premium API Group II and Group III base stocks push rerefining into the mainstream of the lubricant industry, according to Frost & Sullivan. Together, the two regions now account for nearly two-thirds of global rerefined base oil capacity, signaling a structural shift in how the world ...

The Technical Association of the European Lubricants Industry (ATIEL) has issued an updated version of its engine oil Code of Practice that, for the first time, formally addresses the use of re-refined base stocks in automotive engine oils. Issue 26 of the Code took effect Dec. 19, 2025, replacing Issue 25 and applying to products marketed under the European engine oil quality system, according to the association. The revision reflects a broader shift in the European lubricants sector as manufac...

Kawasaki New Synthetic 4-stroke Bike OilKawasaki Motors Corp., U.S.A. has launched a new synthetic 4-stroke racing motorcycle oil aimed at high-performance and competitive riding applications in the United States. The product, KPO Full Synthetic SAE 10W-40 4-Stroke Racing Oil, is formulated to support durability, reduce friction and maintain consistent engine performance under race conditions. The lubricant uses a blend of three synthetic base stocks combi...